Private equity firm True North has invested approximately $200 million in Kerala Institute of Medical Sciences (KIMS), a healthcare group..This investment will be for the stake held by Ascent Capital Advisors India Pvt Ltd and OrbiMed Advisors LLC and as a primary capital infusion to fund the growth plans of KIMS Group..DealKIMS receives private funding from True NorthValue$200 million approx.Deal TypePESectorHealthcareLaw FirmsKIMS – ALMT Legal; True North- DSK Legal; Ascent Capital and Orbimed Asia Mauritius- Indus LawPartners/HeadsALMT Legal – Dhanya Menon and Arindam Basu; DSK Legal – Satish Kishanchandani; IndusLaw- Kartik Ganapathy..KIMS Group was advised by ALMT Legal through a team led by Partners Dhanya Menon and Arindam Basu along with Senior Associate Pallavi Bhogle and Associate Sandhya Susanna Bhaskar..The investor, True North, was advised by DSK Legal through a team led by Partner Satish Kishanchandani along with Senior Manager Mayank Mehta, Manager Shoubhik Dasgupta and Associates Sameer Raina and Taskeen Hamid..The exiting financial investors, Ascent Capital and Orbimed Asia Mauritius Limited were advised by Indus Law through a team led by Partner Kartik Ganapathy along with Senior Associate Deepti Agheda and Associate Nikita Rajwade..True North will hold around 40% stake in India, a press release said.
Private equity firm True North has invested approximately $200 million in Kerala Institute of Medical Sciences (KIMS), a healthcare group..This investment will be for the stake held by Ascent Capital Advisors India Pvt Ltd and OrbiMed Advisors LLC and as a primary capital infusion to fund the growth plans of KIMS Group..DealKIMS receives private funding from True NorthValue$200 million approx.Deal TypePESectorHealthcareLaw FirmsKIMS – ALMT Legal; True North- DSK Legal; Ascent Capital and Orbimed Asia Mauritius- Indus LawPartners/HeadsALMT Legal – Dhanya Menon and Arindam Basu; DSK Legal – Satish Kishanchandani; IndusLaw- Kartik Ganapathy..KIMS Group was advised by ALMT Legal through a team led by Partners Dhanya Menon and Arindam Basu along with Senior Associate Pallavi Bhogle and Associate Sandhya Susanna Bhaskar..The investor, True North, was advised by DSK Legal through a team led by Partner Satish Kishanchandani along with Senior Manager Mayank Mehta, Manager Shoubhik Dasgupta and Associates Sameer Raina and Taskeen Hamid..The exiting financial investors, Ascent Capital and Orbimed Asia Mauritius Limited were advised by Indus Law through a team led by Partner Kartik Ganapathy along with Senior Associate Deepti Agheda and Associate Nikita Rajwade..True North will hold around 40% stake in India, a press release said.